23 January 2014

Singapore Stock Market Summary - 23 Jan 2014

Tigerair - posted a loss after tax of $118.5m in 3QFY14, after recording exceptional charges of $88.3m, comprising a $30.3m million loss on planned disposal of Tigerair Philippines and an impairment of associates of $58.0 million. The Group’s 3QFY14 earnings were weighed down by share of loss of associates which
amounted to $23.1m

Soybuild Business Space Trust - Distribution per Unit for 4Q FY2013 (1 October 2013 to 31 December 2013) at SGD 1.510 cents – 3.4% above the Forecast(1). Portfolio Gross Revenue and Net Property Income for 4Q FY 2013 outperformed the Forecast(1) by 0.9% and 2.1% respectively. 100% of debt hedged. Average all-in interest cost of 3.12% as at 31 December 2013. Conservative gearing at 29.3% as at 31 December 2013 provides debt headroom for future acquisitions. Healthy interest cover ratio of 5.5 times.Portfolio occupancy rate increased from 99.8% to 99.9% during 4Q 2013 due to expansion by an existing tenant in Eightrium. 17% of portfolio NLA due for renewal in FY2014. Portfolio market value as at 31 December 2013 is S$935 million(2).

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